Share via

Cisco will pay $5 billion (£3.2 billion) to buy NDS, the video encryption
software company, from News Corporation and Permira in one of the largest
deals in the technology sector this year.

NDS is based in Staines, Surrey, but was founded in Israel in 1988. It rose to
prominence as a result of the rise of pay-television businesses such as
BSkyB in the 1990s as it supplied the software to protect the video content
being delivered via satellite or cable into homes.

NDS was acquired by its largest customer, News Corporation, parent company of
The Times, in 1992 for a